A joint venture between HATCHspaces and NexCore Group has announced plans to build a new life science facility in West Los Angeles. The project will total 100,000 square feet, making it the first life science-focused new construction project of scale in the market.

This is the third life science development from the join venture, which has built two other projects in Irvine and Boulder. According to HATCHspaces co-Founder Allan Glass, the project will meet the dire need of lab facility space in Los Angeles, where the vacancy rate for like space is only 1.5% and there are several tenants actively in the market looking for large blocks of space.

Located at Pico and Sepulveda in West Los Angeles, the development is possible thanks to zoning overlays that were planned around transit stops. The property is adjacent to the Expo/Sepulveda Station of the Expo Line, which connects West Los Angeles to the rest of the city, including Downtown L.A., USC, Coliseum and Exposition Park and Santa Monica. As a result, there has been a hub of tech, AI, digital health and life science companies along L.A.'s transit line.